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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

 

Accounts receivable

 

$

3.9

 

$

52.0

 

Inventory

 

 

80.5

 

 

198.6

 

Other current assets

 

 

0.1

 

 

3.2

 

Property and equipment

 

 

16.4

 

 

98.1

 

Indefinite-lived intangibles

 

 

51.1

 

 

115.6

 

Other non-current assets

 

 

2.7

 

 

2.3

 

Current liabilities

 

 

(9.2)

 

 

(66.0)

 

Non-current liabilities

 

 

(4.7)

 

 

(75.5)

 

Total consideration

 

$

140.8

 

$

328.3

 

Seller financed/assumed debt

 

 

 —

 

 

(2.6)

 

Seller assumed floor plan

 

 

 —

 

 

(118.3)

 

Fair value of previously held interest

 

 

 —

 

 

(28.0)

 

Fair value of non-controlling interest

 

 

 —

 

 

(22.5)

 

Total cash used in acquisitions

 

$

140.8

 

$

156.9

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2016

    

2015

 

Revenues

 

$

20,513.1

 

$

20,646.3

 

Income from continuing operations

 

 

347.1

 

 

338.8

 

Net income

 

 

346.0

 

 

335.3

 

Income from continuing operations per diluted common share

 

$

4.04

 

$

3.77

 

Net income per diluted common share

 

$

4.02

 

$

3.74